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Frank,
Oh great so now I have to learn something new again. No clue about
volatility futures but from the name I kind of get the idea.
Never owned gold in my life. Guess that tells you I missed the move
to 800.
Jimmy
Tuesday, October 5, 2004, 12:12:01 PM, you wrote:
FF> I didn't have gold in mind, but a basket of commodities in demand
FF> already --not because of fear-- but because more countries/people need
FF> them, and would run up in an event of a global war, and would not crash
FF> during a catastrophic event like terrorism, or a spontaneous financial
FF> meltdown.
FF> Of course, if you would rather tie your money up with the best and the
FF> brightest, rather than pork bellies, you can always hedge an S&P
FF> position with volatility futures.
FF> -F
FF> Jimmy wrote:
>>I've never been able to do that. Like buying gold out of fear. Not
>>my deal.
>>
>>Jimmy
>>
>>Tuesday, October 5, 2004, 1:06:09 AM, you wrote:
>>
>>FF> Oops, sorry. Mouse-click dyslexia I suppose. Anyway, investing in
>>FF> certain commodities for catastrophic events is like investing in a stock
>>FF> before the unexpected good news about the company is released. You just
>>FF> sit and wait.
>>
>>
>>
>>>>Jimmy wrote:
>>>>
>>>>Now that is a leap. So ok buy a basket of commodities and what you
>>>>didn't say is what some other guys have been saying is sweep your
>>>>futures account every month. Cool I'm ready. When is it going to
>>>>happen? That is always the question isn't it?
>>>>
>>>>Basically all wars are based on scarce resources aren't they? Well
>>>>maybe not some like Vietnam. That was just a war for fun or exercise
>>>>I guess. Maybe a test of equipment or something. I'm not up to date
>>>>on it all. Scary stuff. Good thing we have the best toys.
>>>>
>>>>Everybody get ready.
>>>>
>>>>Jimmy
>>>>
>>>>Monday, October 4, 2004, 9:04:06 PM, you wrote:
>>>>
>>>>FF> Today's global cultural/foreign policy morality debate will be
>>>>tomorrows
>>>>FF> war over scarce resources. Just buy a basket of commodities and
>>>>wait it
>>>>FF> all out.
>>>>FF> I wouldn't keep your blood money parked in cash, because, like
>>>>after the
>>>>FF> 1929 crash when people went to the banks, today you log on and notice
>>>>FF> your broker unable to find your cash account.
>>>>
>>>>FF> Cleveland wrote:
>>>>
>>>>
>>>>
>>>>Barry Kaufman wrote:
>>>>
>>>>
>>>>
>>>>>I am asking for advice on how to insure against a market crash.
>>>>>
>>>>>I trade intermediate term to long term end-of-day (10 to 40 trades per
>>>>>year). And trade only market indexes, namely index funds and ETF's for
>>>>>SP500 and Russel 2000. I can also proxy a short of SPY or RUT by buying
>>>>>RYDEX or PRO Funds that go against the market. Most of my money is in
>>>>>Keoghs and IRA's and subject to no shorting regulations.
>>>>>
>>>>>My trading systems work fine for me but what scares me is a potential
>>>>>big, violent crash due to unexpected catastrophic news, namely
>>>>>terrorism. I am thinking about the market close after 9/11, the abrupt
>>>>>down draft in 1987, and didn't the market close for three months when
>>>>>world war 1 started?
>>>>>
>>>>>So, what kind of insurance is there? Leap put options on indexes might
>>>>>be the answer but I don't know anything about them. I am asking to be
>>>>>lead in the right direction to do research.
>>>>>
>>>>>By the way, if the exchanges did close for an extended period, then
>>>>>would option expiration date be extended?
>>>>>
>>>>>Thanks, Barry.
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>
>>>>
>>
>>
>>
>>
>>
--
Best regards,
Jimmy mailto:jhsnowden@xxxxxxxxxxxxx
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